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Jan 20, 2013
01/13
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let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the mcconnell act. >> we may have just made news. >>> last week, general colin powell was here worried about a dark vein of intolerance in republican quarters. you are part of a stream of new faces in the republican party, minority faces and voices in the party that seem to stand against that. how did you respond to it? >> well, i saw that interview. i respect general powell a great deal. i was disappointed with those comments. i think he was buying into some of the partisan attacks. if you look at this last election, for example, i think the most racially divis
let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the...
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Jan 15, 2013
01/13
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CURRENT
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another big issue facing congress is the debt ceiling. treasury secretary timothy geithner released a letter this week saying the government could run out its borrowing authority in as little as four weeks. now, republicans are trying to use this chance to force the democrats into serious long-term spending cuts but obama insists this is about paying the bills congress has already racked up. more bill up next. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. >> announcer: broad broadcasting across the nation and on tv on current tv. >> bill: breaking news, clarence thomas has spoken. for the first time in seven years. at the supreme court. clarence thomas uttered maybe three words. maybe four. nobody is sure what he said. but he did show signs of life. oh, my god. what do you say? good morning everybody. with that bit of astounding news, we start off the "full court press" this tuesday morning, january 15. great to see you today. welcome, wel
another big issue facing congress is the debt ceiling. treasury secretary timothy geithner released a letter this week saying the government could run out its borrowing authority in as little as four weeks. now, republicans are trying to use this chance to force the democrats into serious long-term spending cuts but obama insists this is about paying the bills congress has already racked up. more bill up next. just be grateful current tv does not come in smellivision. the sweatshirt is nice and...
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Jan 17, 2013
01/13
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FOXNEWSW
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the debt ceiling has been in place since 1939. you have competing ideas, one on the house, john boehner said we'll raise the debt sealing a dollar for every dollar you cut spending. republicans out of pennsylvania, pat toomey you prioritize the bills you pay for long period of time. weeks and months. make sure the military is taken care of. >> sure. bill: would you back house idea or senate idea or neither? >> i think both are part of the negotiation strategy. i think john boehner's plan to bring down spending dollar for dollar makes a lot of sense and i think pat toomey's does. you don't want to cut very things most critical to the u.s. there is lot of garbage spending in government, believe me, bill, when i say that. why would you make the critical spending the first things you're going to cut except just to hold the country hostage. that is what the democrats are threatening. it doesn't make sense. bill: do you think republicans can win on either option? >> if they do it carefully, slowly and comfortably, yes i do think they ca
the debt ceiling has been in place since 1939. you have competing ideas, one on the house, john boehner said we'll raise the debt sealing a dollar for every dollar you cut spending. republicans out of pennsylvania, pat toomey you prioritize the bills you pay for long period of time. weeks and months. make sure the military is taken care of. >> sure. bill: would you back house idea or senate idea or neither? >> i think both are part of the negotiation strategy. i think john boehner's...
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Jan 13, 2013
01/13
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obama voted against increasing the debt ceiling. i find it weeferd that his allies, are saying that the people who do that are bads. we have an interesting time coming up. in the next few weeks in the united states, we have the debt ceiling will get to the point of default. we have the tennessee continuing resolution under which the government is running, expires march 28. the sequestration which was put off two months. if i were at the level of a dictator here, i would take the debt ceiling and push it off to say, june 30. you can't fight all three at the same time. a., i believe the democrats are as scared of the sequestration as the republicans are. there is nothing you can cut on the debt ceiling you can't cut on the continuing resolution. so i would say, mr. president, we are going to put the debt ceiling off to june 30. let me tell you why. between now and then, we are going on cut $3 trillion, $4 trillion -- whatever it is on the continuing resolution and the sequestration. if you stop us from doing that, you are going to put
obama voted against increasing the debt ceiling. i find it weeferd that his allies, are saying that the people who do that are bads. we have an interesting time coming up. in the next few weeks in the united states, we have the debt ceiling will get to the point of default. we have the tennessee continuing resolution under which the government is running, expires march 28. the sequestration which was put off two months. if i were at the level of a dictator here, i would take the debt ceiling...
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Jan 14, 2013
01/13
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CNNW
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debt ceiling. this time around, the president is telling house republicans they can do it his way or own the blame. here he was. >> and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had the package put together by the vice president is on his desk today. and he will talk about it a little later on this week. want to bring in two people here, ali velshi with me from new york, and gloria borger there in our nation's capital, to you both welcome. ali, it has been more than a year since that whole previous debt limit debacle. and i know you are saying, especially comparing this to what we just saw on new year's day with the fiscal cliff, this is going to be much, much worse, much bigger deal. talk to me ab
debt ceiling. this time around, the president is telling house republicans they can do it his way or own the blame. here he was. >> and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had...
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Jan 15, 2013
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ceiling and your own history on the debt ceiling. >> getting votes for the debt ceiling are always difficult and bulge nets this town are always difficult. this is the united states of america, major. we can't manage our affairs in such a way that we pay our bills and we provide some certainty in terms of how we may our bills. if we want to have a conversation about how to redust our deficit let's have that. we've been having that nor the last two years. we just had an entire campaign about it. by the way the american people agreed with me that we should reduce our deficits in a balanced way that takes into account the need for us to grow this economy. martha: bob beckel is former democratic campaign manager and cohost of the five. mary katherine ham is editor at large and fox news contributor. why do you think it was so testy yesterday? >> obama's best form is not necessarily a press conference which is why he does than do many of them. i which he was testy for one real reason. the republicans trying to take the full faith and crucify the united states currency and putting it at fist being.
ceiling and your own history on the debt ceiling. >> getting votes for the debt ceiling are always difficult and bulge nets this town are always difficult. this is the united states of america, major. we can't manage our affairs in such a way that we pay our bills and we provide some certainty in terms of how we may our bills. if we want to have a conversation about how to redust our deficit let's have that. we've been having that nor the last two years. we just had an entire campaign...
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Jan 18, 2013
01/13
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FBC
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dennis: the debt ceiling quickly approaching. republicans struggling to come up with their next move. cheryl: planning seems to pick the can down the road yet again. rich and -- has a story. rich: the debt ceiling, automatic spending cuts, known as the sole questioner, and, of course, government spending set to expire. this is from paul ryan. what we want to achieve at the end of the day is a two-way discussion between democrats and republicans. out of that, hopefully, some progress being made to get this deficit and debt under control. we believe our obligation is to help prevent a debt crisis from hitting this country. republicans have had a tough spot here. the president of united states as he is not negotiating the debt ceiling. he says it is simply up to congress. it is due to spending that is already approved. the majority of republicans voted against the deal because there were no spending cuts. this was the first strategy session. we are going to have these fights throughout the spring. back to you. cheryl: we just had a
dennis: the debt ceiling quickly approaching. republicans struggling to come up with their next move. cheryl: planning seems to pick the can down the road yet again. rich and -- has a story. rich: the debt ceiling, automatic spending cuts, known as the sole questioner, and, of course, government spending set to expire. this is from paul ryan. what we want to achieve at the end of the day is a two-way discussion between democrats and republicans. out of that, hopefully, some progress being made...
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Jan 15, 2013
01/13
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." >> catherine: another battle the president is facing -- the debt ceiling. he called on congress today to act quickly to raise it.saying america is not a 'dead-beat nation' that doesn't pay its bills. he says the mere threat of defaulting on government obligations is hurting the economy. the government has hit its borrowing limit and is expected to run out of ways to pay bills by early march. most people have never heard launchers and other weapons. former president bush is finally released from a hospital. right now, 40's through daly city. as for the current temperatures? quickly dropping into the 40's. 44 in daly city. a 49 in fremont. but we are in for a nother round of the 30's and '40's again tonight. from the san mateo bridge we are seeing clear skies. the cold air mass with the combination of these things and a light went with cold temperatures and yet again the. taking a look at futurecast. widespread 30's. take a look a your screen. already 20's and 30's for the north bay. temperatures will start to warm up of but very slowly. still dealing with a
." >> catherine: another battle the president is facing -- the debt ceiling. he called on congress today to act quickly to raise it.saying america is not a 'dead-beat nation' that doesn't pay its bills. he says the mere threat of defaulting on government obligations is hurting the economy. the government has hit its borrowing limit and is expected to run out of ways to pay bills by early march. most people have never heard launchers and other weapons. former president bush is finally...
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Jan 15, 2013
01/13
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we will meet our obligations on our debt regardless of the debt ceiling. we will not default. that is an absolute, we will not default. the idea that we will if we don't raise the debt creel something an absolute flat out myth. >> gretchen: what else did he say you didn't agree with? >> the use of the expression, dead beat nation, that really is talking down america. the president is encouraging congress, encouraging america to pay its bills using a credit card to pay its bills, using borrowed money to pay its bills. that credit card will never be paid off and the balance on it will never be paid down. that is dead beat behavior and that should be pointed out. by using that expression, the president is talk down america. we stand not as tall in the eyes of the world when the president uses that kind of language. >> gretchen: could it also be he was talking down to republicans because he thinks right now that he has the majority of the american people on his side? to me, his words, whether or not they're true, resonate with some americans because he simplifies his message and d
we will meet our obligations on our debt regardless of the debt ceiling. we will not default. that is an absolute, we will not default. the idea that we will if we don't raise the debt creel something an absolute flat out myth. >> gretchen: what else did he say you didn't agree with? >> the use of the expression, dead beat nation, that really is talking down america. the president is encouraging congress, encouraging america to pay its bills using a credit card to pay its bills,...
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Jan 15, 2013
01/13
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ceiling soon compare our debts and bills . that is the right way to do it. and the i think that is what will eventually happen, but i don't think that going off in another direction would really be all that talk -- all that helpful. >> hello, chairman bernanke. i am a second year in pp at the force cool and studying for a graduate certificate in science and technology. second question from the audience, does the debt ceiling of a practical purpose? could it be eliminated without much consequence? >> does what have? >> the debt ceiling. >> it does not really have. it has symbolic value i guess, but no other country, i believe, maybe one or two other, but no other countries in the world have this particular institution . to so everyone understands what is, the congress appropriates $100, tells the government to spend $100 on whenever and then it raises $80 in revenue through its tax code. now, the arithmetic here sort of says, you have to borrow $20. shephard -- the congress has to give a third rule. if the congress is approving
ceiling soon compare our debts and bills . that is the right way to do it. and the i think that is what will eventually happen, but i don't think that going off in another direction would really be all that talk -- all that helpful. >> hello, chairman bernanke. i am a second year in pp at the force cool and studying for a graduate certificate in science and technology. second question from the audience, does the debt ceiling of a practical purpose? could it be eliminated without much...
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Jan 15, 2013
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>> reporter: house speaker john boehner says the american do not support raising the debt ceiling without cutting spending at the same time. boehner calls the debt an anchor on our economy. here's the leading senate republican, making his point. >> it's sort of like you have a kid who exceeds the credit card limit. you tear up the credit card, but you look at the spending. the republicans are willing to pay for past bills. these are about future bills. the president is missing the point that we are on an unsustainable path. >> reporter: portman acknowledges the need to raise the debt ceiling, but he supports the context of getting a handle on the spenning. >> shepard: this is disaster relief for victims of super storm sand gee right. we have had plenty of lawmakers saying we need to get a handle on government spending, but not when people are waiting for major disaster relief money. a key new jersey democrat is saying people from new york, new jersey and connecticut pay their fair share. three state, 16% of the taxes. you ask the question: who suffered because of super storm sandy? certai
>> reporter: house speaker john boehner says the american do not support raising the debt ceiling without cutting spending at the same time. boehner calls the debt an anchor on our economy. here's the leading senate republican, making his point. >> it's sort of like you have a kid who exceeds the credit card limit. you tear up the credit card, but you look at the spending. the republicans are willing to pay for past bills. these are about future bills. the president is missing the...
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Jan 19, 2013
01/13
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>> they seemed to welcome the idea, the republicans sound willing to extend the debt ceiling. a spokesman for majority leader harry reid says if the house can pass a clean debt ceiling increase to avoid default and allow the white house to to meet its existing obligations we will be happy to consider it. they don't want the drama. >> debt ceiling in a manner that causes no concern to the economy and to global markets, that does not in any way suggest that washington is about to, you know, engage in another process that results in a self-inflicted wound to the economy. >> this afternoon, carney calls on congress to pass an extension of the borrowing limit without delay. bill? >> bill: get ready for another battle. thanks, mike. mike immanuel from washington tonight. top story as we go around the world tonight in 80 seconds. >> china, had happened after a cargo ship ran aground on some rocks and sprang a leak. the crew reportedly trapped for seven hours in stiff winds and wonderful waives. the helicopter team pulled all four people on board to safety in just 35 minutes. germany.
>> they seemed to welcome the idea, the republicans sound willing to extend the debt ceiling. a spokesman for majority leader harry reid says if the house can pass a clean debt ceiling increase to avoid default and allow the white house to to meet its existing obligations we will be happy to consider it. they don't want the drama. >> debt ceiling in a manner that causes no concern to the economy and to global markets, that does not in any way suggest that washington is about to, you...
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Jan 15, 2013
01/13
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he announced if congress doesn't raise the debt ceiling america will go into default on its loans and we might have to say good bye to florida. an economist named paul krugman is supportive of an idea as a stopgap. he is suggesting that the treasury mint a trillion dollar county and deposit it in the federal reserve which is how "the lord of the rings" starts, isn't it? i don't know if americans could be trusted with a trillion dollar coin. 100 billion bags of doritos comes down. the treasury will not mint a trillion dollar coin. that is a shame. wouldn't it be nice to mint up nine or ten and say we're even. get this crap you made out of here and leave us alone. thank you. this is a great video. this was shot at the u.s. military academy in west point. a cadet found a mouse in his dorm room and he released a it into the wild. >> you're free. go. get on out. good luck. >> how do you feel? >> i feel relieved. that he's not going to wake me up in my bed any more crawl on my leg. but kind of sad. just got to know him. and -- oh, no. no! you kidding me? he didn't last five minutes. >> jimm
he announced if congress doesn't raise the debt ceiling america will go into default on its loans and we might have to say good bye to florida. an economist named paul krugman is supportive of an idea as a stopgap. he is suggesting that the treasury mint a trillion dollar county and deposit it in the federal reserve which is how "the lord of the rings" starts, isn't it? i don't know if americans could be trusted with a trillion dollar coin. 100 billion bags of doritos comes down. the...
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Jan 21, 2013
01/13
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be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature issues. and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are going to hold this vote now and they still get another bite of the apple three months from now to try
be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature...
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Jan 18, 2013
01/13
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they'll push -- the question is how -- how do they push on the debt ceiling? do they say, look, we'll give you a short-term extension of the debt ceiling for a certain amount of spending cuts, or we'll give you a long-term extension like you want for even more spending cuts. can they force entitlement reform around medicare, for instance, even some of the -- in their view -- more limited things that the president wants to do around means testing and age and indexing to try to attach that to a debt-limit deal. do they move beyond the debt limit, try to get to the continuing resolutions and those kinds of things? they recognize that this is the only area of leverage that they have, but they want to be careful about it. >> so chuck todd, how does the white house deal with that supposed leverage? >> well, first i think the republicans are hoping that they have a manti te'o defense, that somehow it was all a hoax and maybe the election was a hoax and they can go back and redo everything. no. i think the republican -- the white house strategy is make the house repub
they'll push -- the question is how -- how do they push on the debt ceiling? do they say, look, we'll give you a short-term extension of the debt ceiling for a certain amount of spending cuts, or we'll give you a long-term extension like you want for even more spending cuts. can they force entitlement reform around medicare, for instance, even some of the -- in their view -- more limited things that the president wants to do around means testing and age and indexing to try to attach that to a...
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Jan 14, 2013
01/13
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we expect him to talk about the debt ceiling. we're going to bring his comments to you live. >>> it's been one month since the tragic shooting at sandy hook elementary school. politicians at the state and federal level are scrambling to find ways to end gun violence in america. and one of them maryland governor martin o'malley outlined plans for what he says would be the toughest gun laws in the country. >> this would be a comprehensive legislative package to prevent gun violence and it addresses not only the guns but mental health and school safety. briefly, it will ban military assault weapons that have no place on the streets of baltimore or no other neighborhood in our state and it will limit the size of magazines in order to make it harder for criminals to gun down in succession police officers or school children. >> that might work for a state like maryland, a very blue state, but maybe not so much at a federal level. david keane, the president of the national rifle association, says, yeah, it will be a whole different stor
we expect him to talk about the debt ceiling. we're going to bring his comments to you live. >>> it's been one month since the tragic shooting at sandy hook elementary school. politicians at the state and federal level are scrambling to find ways to end gun violence in america. and one of them maryland governor martin o'malley outlined plans for what he says would be the toughest gun laws in the country. >> this would be a comprehensive legislative package to prevent gun violence...
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Jan 17, 2013
01/13
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it's also going to be a play we know there's could be a fight over the debt ceiling. in the past the debt ceiling reminded folks we were borrowing too much and we needed to make changes. it could be a useful reminder not if it goes as far as people really start to worry about in the u.s. government and economic damage which is what we saw last time. the third piece of the resolution the fact that government spending is going to expire and these three issues is another kind of fiscal cliff and the question is is it going to force action with the hardest pieces that are still remaining were the fact when it comes to the fiscal clef they still for all intensive purposes it's good we didn't go over the fiscal cliff, it's good we raise revenue, but we basically did what we always do in washington which is we punted all the hard choices and a sort of tried to declare a bipartisan victory. but it wasn't theirs of the question was what's going to make these next action forcing moments more effective in getting us to take on the policy and this was a part of your question that
it's also going to be a play we know there's could be a fight over the debt ceiling. in the past the debt ceiling reminded folks we were borrowing too much and we needed to make changes. it could be a useful reminder not if it goes as far as people really start to worry about in the u.s. government and economic damage which is what we saw last time. the third piece of the resolution the fact that government spending is going to expire and these three issues is another kind of fiscal cliff and...
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Jan 16, 2013
01/13
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KGO
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could run out of money to pay its bills by the end of february if that debt ceiling isn't raised. congress is preparing to debate it, but it could be a politically charged battle. >>> all right. a big political comeback getting underway today. you might remember former south carolina governor mark sanford. well, back in 2009 he admitted to having an affair with a woman from argentina, who is now his fiance. he announced he's running for his old congressional seat. >>> all right. and you don't hear a story like this often. it comes to us from the suburbs of stockholm, sweden. that's where a cleaning lady stole an empty commuter train and drove it into an apartment building. >> she was at the controls for about a mile. then the train derailed before hitting the building. the woman was seriously injured. she was the only person hurt. i guess she was the only one on the train. >> not good. what were you thinking? >> i wonder why she did that. >> i don't know. >> we need more information on that one. >> yeah, we do. >>> let's talk about our wednesday weather. heavy rain from the gulf c
could run out of money to pay its bills by the end of february if that debt ceiling isn't raised. congress is preparing to debate it, but it could be a politically charged battle. >>> all right. a big political comeback getting underway today. you might remember former south carolina governor mark sanford. well, back in 2009 he admitted to having an affair with a woman from argentina, who is now his fiance. he announced he's running for his old congressional seat. >>> all...
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Jan 16, 2013
01/13
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debt ceiling. the last obstacle may be the least dangerous, judging by what happened last year with the overly dreaded debt downgrade and what's happening now. take your cue from the markets. here is the bottom line. washington fright fest is almost over, people. maybe time to break out the dr. strangelove handbook and learn how to stopped worrying and love the irrelevant gridlock that will soon face, once the debt ceiling is raised, and politics cease to be the biggest factor in our investment thinking. kevin in washington, kevin. >> caller: booyah, mr. brilliant one. a quick question. you know, with the higher cost of foods and energy, and the lower incomes we're all expecting, the average working person, do you think we can return to the dependence on our credit cards? if we are, is master card a good buy? >> i like master card, my charitable trust owns it, ebay, that stock soaring in afterhours. master card is a paper to plastic worldwide trend, not so much we get hooked in debt or not. and i'v
debt ceiling. the last obstacle may be the least dangerous, judging by what happened last year with the overly dreaded debt downgrade and what's happening now. take your cue from the markets. here is the bottom line. washington fright fest is almost over, people. maybe time to break out the dr. strangelove handbook and learn how to stopped worrying and love the irrelevant gridlock that will soon face, once the debt ceiling is raised, and politics cease to be the biggest factor in our investment...
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Jan 16, 2013
01/13
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ceiling thing. in 2011, there was not a single republican in congress in the house or in the senate who broke ranks publicly and said actually, purposefully driving the american economy into a ditch to make a point that even we don't understand and that is against the constitution, that might not be a great idea. nobody broke ranks when the republicans did this in 2011. nobody on the republican side. but today on the republican side somebody did. today republican senator lisa murkowski of alaska broke ranks. she gave an interview to her hometown newspaper in alaska, she says she disagrees threatening the country with default. quote, murkowski is breaking rank, saying the country has a duty to assure it pays its bills. murkowski said not all of her colleagues in the senate will say it out loud, but she believes most agree that failing to raise the debt limit would harm perception of the country. quote, if you incur an obligation, you have a responsibility to pay for that, murkowski said. time is goin
ceiling thing. in 2011, there was not a single republican in congress in the house or in the senate who broke ranks publicly and said actually, purposefully driving the american economy into a ditch to make a point that even we don't understand and that is against the constitution, that might not be a great idea. nobody broke ranks when the republicans did this in 2011. nobody on the republican side. but today on the republican side somebody did. today republican senator lisa murkowski of...
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Jan 18, 2013
01/13
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be done in term of reaching the debt ceiling. both sides seem locked in -- the president said i'm not going talk about the debt ceiling. speaker boehner said it can't be done unless we cut spending at the same time. so having watched this for more than thirty years of congress, what are the outside of actually avoiding going over the cliff given where both parties are? >> i think the odds are that we won't do it. [inaudible] as a mart of faith and consequence. those who say let's toy with it. they are toying with the american economy and they are toying with the global economy. and so i think it's somewhat -- it seems great to talk about doing that. but the closer you get to that cliff, i think the less likely it is that you'll -- [inaudible] >> let me ask one more and go to rick. let me ask about tax reform. you told "politico" last week that a balanced approach to replacing the sequester was spending cut and revenue. should accelerate tax reform. i believe it's fully possible this year if we work on a bipartisan basis. unquote.
be done in term of reaching the debt ceiling. both sides seem locked in -- the president said i'm not going talk about the debt ceiling. speaker boehner said it can't be done unless we cut spending at the same time. so having watched this for more than thirty years of congress, what are the outside of actually avoiding going over the cliff given where both parties are? >> i think the odds are that we won't do it. [inaudible] as a mart of faith and consequence. those who say let's toy with...
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Jan 13, 2013
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it would not surprise me that he does raise the debt ceiling. the president alone spent over $1 billion last year just to himself. when does it stop? obviously he has never had a checkbook. i get a bill, i pay it. why do they just keep putting money out, putting money out, not take care of what they're doing doing, not realizing what they're doing? host: they give for the call. this from twitter -- the focus on the 14th amendment, section four, basically says that the public debt, authorized by law, including debts incurred for payment of pensions etc., shall not be questioned. caller: good morning. yes, he does have that right. in classic peanuts, she says to charlie brown, i think we have been stuck with a used year, instead of a new year. last week at the archives, they had a documentary about the conversation with the president from 1962. president kennedy. he deals -- it was very similar to what we hear arguments now about how -- it was really excellent view. an excellent conversation. how he has to deal with the congress. and his -- this c
it would not surprise me that he does raise the debt ceiling. the president alone spent over $1 billion last year just to himself. when does it stop? obviously he has never had a checkbook. i get a bill, i pay it. why do they just keep putting money out, putting money out, not take care of what they're doing doing, not realizing what they're doing? host: they give for the call. this from twitter -- the focus on the 14th amendment, section four, basically says that the public debt, authorized by...
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Jan 17, 2013
01/13
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FOXNEWSW
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they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts in return for raising the debt ceiling, but president obama came out swinging during his news conference on monday claiming he's already gone a long way toward closing the budget gap. joining us now to fact check some of his statements, stephen hayes, a senior writer for the weekly standard and a fox news contributor, douglas holtz-eakin is now president of the american action forum. just as a general rule, steven, when you heard the president speaking in that news conference, was he generally being honest with the american people about the state of our finances? >> well, i would say there were some things he said that were true, some things that he said that were, i think, misleading. importantly, he didn't put into proper context the discussion that we're having nationally about the debt ceiling and about the state of our finances more broadly. if you look at where we are, more than $16 trillion in debt, the president is right when he says that
they only have about 4-6 weeks left before the nation hits the national debt ceiling. republicans are calling for budge cuts in return for raising the debt ceiling, but president obama came out swinging during his news conference on monday claiming he's already gone a long way toward closing the budget gap. joining us now to fact check some of his statements, stephen hayes, a senior writer for the weekly standard and a fox news contributor, douglas holtz-eakin is now president of the american...
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Jan 16, 2013
01/13
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CSPAN2
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to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we've never tried that before. >> host: is it feasible? >> guest: i don't think so. which bills? social security? veterans? people out fighting for this country? which bills do you pay? we never tried that. i think the president put it so well. this is not a debt beat nation, really, and i think common sense is likely to prevail within the republican ranks. i know, if i might say so, if not firsthand, second hand, that the leadership within the house republican caucus, not all of it, i think some of it realizes that the potential consequences. >> host: if president obama won, so to speak on the fiscal cliff deal and got taxes increase, able to get new revenue, then why not, as democrats, agree to some spending cuts that republicans want? >> guest: well, the president made clear that there has to be, in terms of what's coming, there has to be a mixture, a balance between cuts and revenues. in terms of the sequester, we're going to have to hav
to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we've never tried that before. >> host: is it feasible? >> guest: i don't think so. which bills? social security? veterans? people out fighting for this country? which bills do you pay? we never tried that. i think the president put it so well. this is not a debt beat nation, really, and i think common sense is likely to prevail within the republican...
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Jan 18, 2013
01/13
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ceiling. the piece points out by mid february or early march the united states could face an unprecedented default unless it raises the debt ceiling. that was from tim geithner. further into the body of the "new york times" story i want to is share with you some of the numbers "the new york times" points out today. that could happen as early as february 15, if that happens by february 15 or early march, according to the by partisan policy center in analysis of what the government expects is $8 billion in revenue that day but it has $52 billion in spending that day, $6.8 billion in tax refunds, $3.5 in federal salaries, and $1.5 ode to military contractors and other commitments. consider again that day on february 15 f that is the day we reach the limit, the country would not have enough money to pay the bond holders let alone anyone else, more over analysts have raced questions about whether the treasury would be able to reprogram the ought mated payment system to prioritize some payments over
ceiling. the piece points out by mid february or early march the united states could face an unprecedented default unless it raises the debt ceiling. that was from tim geithner. further into the body of the "new york times" story i want to is share with you some of the numbers "the new york times" points out today. that could happen as early as february 15, if that happens by february 15 or early march, according to the by partisan policy center in analysis of what the...
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Jan 16, 2013
01/13
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they came in with a debt ceiling bill. the debt ceiling bill that was agreed to with the administration had some sequestration in it with the supercommittee that some of us knew wasn't going to work, because the democrats made clear they didn't want a supercommittee to work because they wanted to be able to campaign and say, gee, cuts are coming to medicare because the republicans, you know, were trying to protect the rich friends and it worked very well. they didn't reach -- wouldn't reach an agreement. even after somebody like a republican senator had a proposal to raise new revenue, a couple of democrats were reported as saying this was going to be the breakthrough that allowed an agreement, after consulting with the president, harry reid apparently made clear he didn't want a deal. no deal. so there was no deal. and now the sequestrations are about to take place. the speaker pro tempore: the gentleman has 22 minutes remaining. mr. gohmert: so we had a debt ceiling bill that was undermined from the beginning, no deal wa
they came in with a debt ceiling bill. the debt ceiling bill that was agreed to with the administration had some sequestration in it with the supercommittee that some of us knew wasn't going to work, because the democrats made clear they didn't want a supercommittee to work because they wanted to be able to campaign and say, gee, cuts are coming to medicare because the republicans, you know, were trying to protect the rich friends and it worked very well. they didn't reach -- wouldn't reach an...
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Jan 17, 2013
01/13
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CNBC
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debt ceiling. what are you going to scare us with about washington after that's over and you faked everyone out and got them to sell? i rolled my eyes, i defended myself, saying that all three of threes issues were and are worthy of worry and i told people to stay the course, like he could care. he said, again, what washington horror story are you going to gin up, cramer? and i said impact on spending of higher taxes, coming affordable care act, instead i said wisely no, that's it. maybe it would be good if you focused on the stock market again. ouch! but it did get me thinking. we have seen bank stocks go higher, today, last week, putting washington behind them. and it didn't look like the bank killing dodd frank had much impact on goldman sachs or jp morgan. high-end retails rally, and it incurred, and we keep acting as it has, and no cessation of home buying according to lennar, and the sandy bailout will kick in by the end of the second quarter, home depot will fly. we're through two of the was
debt ceiling. what are you going to scare us with about washington after that's over and you faked everyone out and got them to sell? i rolled my eyes, i defended myself, saying that all three of threes issues were and are worthy of worry and i told people to stay the course, like he could care. he said, again, what washington horror story are you going to gin up, cramer? and i said impact on spending of higher taxes, coming affordable care act, instead i said wisely no, that's it. maybe it...
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Jan 15, 2013
01/13
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KPIX
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you say fighting over the debt ceiling is a bad idea for congressional republicans. why? >> because in the end it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side and the fact is republicans have two much bet ear renas to fight over spending they have a continuing resolution which funds government which comes up at the end of march and they have the sequester, which automatically cuts spending unless it's dealt with. those two fronts they can fight and they have much less resistance from the average american, and it's much harder for the president to oppose them. >> speaker boehner said yesterday that the american people do not support raising the debt ceiling without reducing government spending at the same time. so do you disagree with speaker boehner? >> i think that if you get involved in a fight over the debt ceiling, and talking about defaulting which is what the consequences if the
you say fighting over the debt ceiling is a bad idea for congressional republicans. why? >> because in the end it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side and the fact is republicans have two much bet ear renas to fight over spending they have a continuing resolution which funds government which...
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Jan 13, 2013
01/13
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FOXNEWSW
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ceiling. the u.s. has reached borrowing limit it did so last week by late february or early march. the treasury department will run out of ways to cover its debt and could begin defaulting. the pentagon looking at a request from france for drone support. france wants the assistance as its military takes on al qaeda linked terrorists terrorists in. french troops drive back rebels take back control of big chunk of west african nation. turning now to the civil war raging in syria. international efforts to hold the syrian government responsible for war crimes now. more than 50 nations backing a plane conflict to the international criminal court. this as rebel forces and syrian troops battle for control of key territory outside of syria's capital damascus. the u.n. estimating now 60,000 people have conor powell has the latest russia announcing today it continues to support u.n. backed peace efforts but also undermining those efforts by saying that the removal of president assad from power cannot be
ceiling. the u.s. has reached borrowing limit it did so last week by late february or early march. the treasury department will run out of ways to cover its debt and could begin defaulting. the pentagon looking at a request from france for drone support. france wants the assistance as its military takes on al qaeda linked terrorists terrorists in. french troops drive back rebels take back control of big chunk of west african nation. turning now to the civil war raging in syria. international...
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Jan 14, 2013
01/13
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could hit the debt ceiling and one out of money. a new report by the bipartisan policy center on this. but first, a news update from c- span radio. joe biden will meet today with house members to talk about how to reduce gun violence. senators plan to introduce a bill that would limit the size of ammunition magazines. at least one senator says congress is unlikely to pass it. a day long forum is taking place today in baltimore. the conference will take a look at the brady handgun law and improving background checks. michael bloomberg will be addressing the group. it begins at 9:00 p.m. eastern and you can watch it on c-span2. the house returns today and will consider aid to victims of super storm sandy. conservatives are mounting a not so fast campaign against and nearly $60 billion aid package for the sandy victims lawmakers hope to pushed through the house this week. the complaint is lots of the money will go toward recovery efforts for past disasters and other projects not related to the late november storm. $150 million for fish
could hit the debt ceiling and one out of money. a new report by the bipartisan policy center on this. but first, a news update from c- span radio. joe biden will meet today with house members to talk about how to reduce gun violence. senators plan to introduce a bill that would limit the size of ammunition magazines. at least one senator says congress is unlikely to pass it. a day long forum is taking place today in baltimore. the conference will take a look at the brady handgun law and...
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Jan 18, 2013
01/13
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ceiling on time and prior to that preferably and reaching agreement on medium-term debt reduction. that i mentioned earlier. for the nonadvanced economies, and i'm putting together the emerging markets as well as the low income countries, clearly those countries are faring at a much better pace in terms of growth. but everywhere i've traveled in the last two months in africa, in latin america and in asia there's always been a concern about the unbalances and the lack of decisive action to address the advanced economies' crisis. so this spillover effect including in terms of confidence building are clear. and given those, this increasing interconnectedness -- particularly with certain markets -- reducing this uncertainty is going to be key to the health of the global economy and to a lot of those regions that are still very dynamic to continue to grow at a pace that is sustainable and necessary for the well being of their population. this is excessively too general because when you go down the list of the emerging market economies and the low income country, some of them are much mo
ceiling on time and prior to that preferably and reaching agreement on medium-term debt reduction. that i mentioned earlier. for the nonadvanced economies, and i'm putting together the emerging markets as well as the low income countries, clearly those countries are faring at a much better pace in terms of growth. but everywhere i've traveled in the last two months in africa, in latin america and in asia there's always been a concern about the unbalances and the lack of decisive action to...
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Jan 19, 2013
01/13
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WUSA
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a clean debt ceiling is the only way to go. when we get to march 2nd and the sequester deadline approaches again, we need to focus on a balanced debt ceiling focus. that's what this is about. the americans made a decision. they embrace president obama's idea that we should have revenue and closed tax loopholes for the wealthiest pay more and reduce spending in a balanced way. >> i think what people also hoped that they were voting for was the democrats and republicans would get in a room together and would cooperate. >> that's right. >> and what i think a lot of people are concerned are is we're not seeing that happening yet. this is supposed to be a day when we see everything reset and start over, but we have the same congress. ebb wants to know is this going to change, is there any hope for change? >> i'm full of hope. if think we have an opportunity to continue to reach across the aisle. i noe president obama and the republicans are willing to reach out. we cannot begin the second term with president obama's engaging in my w
a clean debt ceiling is the only way to go. when we get to march 2nd and the sequester deadline approaches again, we need to focus on a balanced debt ceiling focus. that's what this is about. the americans made a decision. they embrace president obama's idea that we should have revenue and closed tax loopholes for the wealthiest pay more and reduce spending in a balanced way. >> i think what people also hoped that they were voting for was the democrats and republicans would get in a room...
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Jan 19, 2013
01/13
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they should do the debt ceiling for a whole year. host: so ella, hole on we have a statement from the press secretary saying we are encouraged there are signs the republicans may back off on the insistens of holding our economy hostage to drathsically cut programs and democrats and republicans must pass a clean bill. caller: i heard this. and i heard jay cornyn say that. i know what he said. but they also said that they want a clean debt ceiling. not every three months you're going to have the same thing over again. they want it for a whole year. not this three-month extension. host: jeff this morning off twitter said this is a reasonable offer if the democrats do not accept it he adds nice play, g.o.p. host: republican line? caller: yes, there are two features on this proposed legislative action. they have different levels of support for me. i do support the concept of withholding pay for not having a budget. i mean, not only should the federal government have a law regarding that but i think each individual state should enact a leg
they should do the debt ceiling for a whole year. host: so ella, hole on we have a statement from the press secretary saying we are encouraged there are signs the republicans may back off on the insistens of holding our economy hostage to drathsically cut programs and democrats and republicans must pass a clean bill. caller: i heard this. and i heard jay cornyn say that. i know what he said. but they also said that they want a clean debt ceiling. not every three months you're going to have the...
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Jan 19, 2013
01/13
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MSNBC
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we're three-month pass of the debt ceiling. i want to see where you want things prioritized and the conversation to go in the next three months now that we've bought time away from the ticking clock again right after this break. it's not for colds. it's not for pain. it's just for sleep. because sleep is a beautiful thing™. ♪ zzzquil™. the non-habit forming sleep-aid from the makers of nyquil®. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [ male announcer ] save on ground shipping are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a l
we're three-month pass of the debt ceiling. i want to see where you want things prioritized and the conversation to go in the next three months now that we've bought time away from the ticking clock again right after this break. it's not for colds. it's not for pain. it's just for sleep. because sleep is a beautiful thing™. ♪ zzzquil™. the non-habit forming sleep-aid from the makers of nyquil®. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was...
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Jan 15, 2013
01/13
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CNNW
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. >>> to washington now where yet another battle is brewing, this time it's over the debt ceiling and from the white house to capitol hill democrats and republicans are sparring over the best way to ensure the nation pays its bills and now they're taking the fight to you as both sides try to sell their point of view. president obama warning about what could happen if that debt limit is not raised. >> if congressional republicans refuse to pay america's bills on time, social security checks, and veterans benefits will be delayed. we might not be able to pay our troops or contracts with small business owners. investors around the world will ask if the united states of america a safe bet. >> the republican house speaker john boehner responding immediately to the president's remarks issuing a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us i
. >>> to washington now where yet another battle is brewing, this time it's over the debt ceiling and from the white house to capitol hill democrats and republicans are sparring over the best way to ensure the nation pays its bills and now they're taking the fight to you as both sides try to sell their point of view. president obama warning about what could happen if that debt limit is not raised. >> if congressional republicans refuse to pay america's bills on time, social...
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Jan 19, 2013
01/13
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FOXNEWSW
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we have already spent that money so you have to raise the debt ceiling. some people say stop the madness. whatever the repercussions are stop it, cap it now. if we have to default we will. maybe we can skirt default somehow. seem like majority of respondents feel that way. >> 83% say spending is out of control. of that wonder i wonder how many have idea how big the debt is 16. it doesn't matter in absolute dollars this is the biggest debt that's ever existed and our credited rating has been down graded as a result of it? >> i remember as a kid i don't know elementary school or junior high when bewere talking about the debt it was something like 4 trillion. and our teachers asked us to wrap our heads around that number. try wrapping your head around 16 trillion. i just can't imagine. to pay that down how many years that would take. even with being smart with government spending. >> it's larger than our entire economy just to put it in some scale here. >> that's a problem. yeah. i remember when i was a kid going to the gas station and thinking wow why the t
we have already spent that money so you have to raise the debt ceiling. some people say stop the madness. whatever the repercussions are stop it, cap it now. if we have to default we will. maybe we can skirt default somehow. seem like majority of respondents feel that way. >> 83% say spending is out of control. of that wonder i wonder how many have idea how big the debt is 16. it doesn't matter in absolute dollars this is the biggest debt that's ever existed and our credited rating has...
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Jan 18, 2013
01/13
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FOXNEWS
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he's refusing to negotiate, so if the gop ties the debt ceiling to the current budget battle. listen to this. >> republicans and congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> steve: here is somebody who dealt with enormous deficits firsthand, the former governor of the golden state of california, arnold schwarzenegger. good morning to you. >> good morning. nice to be here again. >> brian: he sends a warning to the republicans should they back off or take on the president? >> first of all, i think i find it interesting that when you want to have more money, if you go to any financial institution, they say look, i can't pay my bills, i need more money. they want to see their payment plan. how are you going to live responsible from here on? then you can get more money. so i don't understand that why this should not be a part of the discussion because it ought to be. i think ameri
he's refusing to negotiate, so if the gop ties the debt ceiling to the current budget battle. listen to this. >> republicans and congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> steve: here is somebody who dealt with enormous deficits firsthand, the former governor of the golden state...
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Jan 21, 2013
01/13
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piecemeal is exactly the right word to describe the congress you are going to see on debt ceiling. the republicans in the house are talking about a short-term view of that. it certainly would avoid disaster coming up for the end of march. you will still have the issue of raising it for the long term. on the republican side there is no real appetite to do that without the reforms. same for gun-control. a lot of the agenda items that the president announced last week, the 23 executive actions you will see taken piece by piece. the easiest one to accomplish will be those that come forward the fastest, and the same for immigration reform. there is a lot that could be done and a comprehensive approach, but i think you will see that come down to the very bare minimum that both sides are able to agree on. >> let me follow up with a vote that will happen on wednesday. that will give another three months and the extension of the debt limit. weird is that position? why delay that for three months? where does that put them in march and april? >> this is an acknowledgement that they have lost
piecemeal is exactly the right word to describe the congress you are going to see on debt ceiling. the republicans in the house are talking about a short-term view of that. it certainly would avoid disaster coming up for the end of march. you will still have the issue of raising it for the long term. on the republican side there is no real appetite to do that without the reforms. same for gun-control. a lot of the agenda items that the president announced last week, the 23 executive actions you...
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Jan 15, 2013
01/13
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am i open to raising the debt ceiling? i am. we got into this wilderness over a long period of time. my deep duty to the second rational district of virginia -- we have the highest concentration of men and women in uniform. we've got to make the decisions now. host: art in florida. caller: good morning. if you could give me a few minutes of your time. i am 47 years old and i depend on disability. heart.ta weak i have a pacemaker. my aorta has been replaced with a wire mesh tube. i have been trying to find part- time work so i can be a productive member of society. i keep hearing you want to cut medicare and trim social security and everything. these are programs i need to survive on. guest: i'm sorry about your medical situation. is there that medicaid and for you. i believe there is it proper role for medicaid and medicare and social security. what we have been proposing is to strengthen those programs to make sure they are there for you. right now we know that absent any reforms, we are getting to the point that we will go ban
am i open to raising the debt ceiling? i am. we got into this wilderness over a long period of time. my deep duty to the second rational district of virginia -- we have the highest concentration of men and women in uniform. we've got to make the decisions now. host: art in florida. caller: good morning. if you could give me a few minutes of your time. i am 47 years old and i depend on disability. heart.ta weak i have a pacemaker. my aorta has been replaced with a wire mesh tube. i have been...